Some 2.14 billion shares in China Datang Corp. Renewable
Power Co. will be offered for HK$2.33 to HK$3.18 apiece, said
the people, who declined to be identified before an announcement.

The world’s largest polluting nation wants at least 15
percent of its energy to come from renewable sources including
wind by 2020. Datang Corp. Renewable is targeting capacity of at
least 20,000 megawatts in 10 years by developing wind, solar and
biomass projects, according to the company.

A record $49 billion was raised in Hong Kong through
initial public offerings so far this year, according to data
compiled by Bloomberg. China Datang’s bigger domestic rival
China Huaneng Group Corp. plans to raise as much as $1.3 billion
in the initial public offering of its renewable energy unit in
Hong Kong, according to a term sheet sent to investors Nov. 29.

China erected more wind turbines in 2009 than any other
country and may install a record 18 gigawatts of wind-power
capacity this year, Bloomberg New Energy Finance estimates show.
China Datang is planning a 200-megawatt wind farm in Inner
Mongolia province, the local government said on Aug. 28.